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World Kinect (WKC) investor relations material
World Kinect Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Q3 2025 saw a 10% revenue decline to $9.4B, with gross profit down 7% to $250M and net income at $26M, reflecting lower volumes and prices across all segments.
Adjusted net income was $30M ($0.54 per share), and adjusted EBITDA was $94M, with strong operating and free cash flow of $116M and $102M, respectively.
Leadership transition announced: Ira Birns to become CEO effective January 1, 2026, with John Rau as President and Mike Tejada as CFO, as part of a long-planned succession.
Major restructuring and portfolio optimization initiatives included the sale of Watson Fuels and exits from non-core businesses in Brazil, UK, and North America.
Announced acquisition of Universal Trip Support Services for $220M, expected to close in Q4, projected to be 7% accretive to adjusted EPS in the first year.
Financial highlights
Q3 consolidated volume was 4.3B gallons, down 4% year-over-year; gross profit was $250M, down 7%; net income dropped 20% to $26M; diluted EPS was $0.46, down 19%.
Adjusted net income was $30M (down 18%), and adjusted diluted EPS was $0.54 (down 13%).
Operating expenses were $181M, down 7% year-over-year and below guidance due to cost management.
Operating cash flow rebounded to $116M from negative $39M in Q3 2024; free cash flow improved to $102M from negative $57M.
Cash and cash equivalents increased to $474M as of September 30, 2025.
Outlook and guidance
Q4 consolidated gross profit expected between $237M and $245M; operating expenses projected at $181M–$187M; interest expense guidance: $25–27M.
Aviation gross profit anticipated to increase year-over-year in Q4, aided by the Trip Support acquisition.
Land and Marine gross profits expected to decline year-over-year in Q4 due to business exits and low market volatility.
Adjusted full-year effective tax rate expected at 20%–22%.
Initial cost savings from restructuring expected in 2026, with $80M projected over five years.
Ira's immediate strategic priorities?
Specific actions for Land segment turnaround?
Why is the EBITDA target delayed?
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Next World Kinect earnings date
Q4 202520 Feb, 2026
Next World Kinect earnings date
Q4 202520 Feb, 2026
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Frequently asked questions
World Kinect Corporation is a global energy management and fuel distribution company serving commercial, industrial, and transportation sectors. The company provides fuel, lubricants, and energy procurement solutions for aviation, marine, and land-based customers. In addition to traditional fuel services, World Kinect offers sustainability consulting, carbon offset programs, and renewable energy solutions to help clients manage energy efficiency and environmental impact. World Kinect Corporation is headquartered in Miami, Florida, and its shares are listed on the NYSE.
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